Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish Sells 35,203 Shares of Stock

Cricut, Inc. (NASDAQ:CRCT) CEO Arora Ashish sold 35,203 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.37, for a total transaction of $189,040.11. Following the completion of the transaction, the chief executive officer now owns 3,265,322 shares of the company’s stock, valued at approximately $17,534,779.14. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Arora Ashish also recently made the following trade(s):

• On Wednesday, March 12th, Arora Ashish sold 23,813 shares of Cricut stock. The stock was sold at an average price of $5.40, for a total transaction of $128,590.20.
• On Monday, February 24th, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.59, for a total transaction of $335,400.00.
• On Friday, February 21st, Arora Ashish sold 60,000 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total transaction of $356,400.00.
• On Wednesday, February 5th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.66, for a total transaction of $120,275.00.
• On Monday, February 3rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.27, for a total transaction of $111,987.50.
• On Thursday, January 23rd, Arora Ashish sold 21,250 shares of Cricut stock. The shares were sold at an average price of $5.86, for a total transaction of $124,525.00.
• On Tuesday, January 21st, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.75, for a total transaction of $122,187.50.
• On Wednesday, January 8th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.63, for a total transaction of $119,637.50.
• On Monday, January 6th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.93, for a total transaction of $126,012.50.
• On Friday, December 20th, Arora Ashish sold 21,250 shares of Cricut stock. The stock was sold at an average price of $5.94, for a total transaction of $126,225.00.

Cricut Price Performance

Cricut stock opened at $5.38 on Friday. Cricut, Inc. has a 1-year low of $4.55 and a 1-year high of $8.40. The company has a market cap of $1.15 billion, a PE ratio of 19.21 and a beta of -0.02. The stock’s 50 day moving average price is $5.64 and its 200 day moving average price is $5.89.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings data on Tuesday, March 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Cricut had a return on equity of 12.36% and a net margin of 8.47%. The firm had revenue of $209.31 million during the quarter, compared to analysts’ expectations of $214.41 million. On average, equities research analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered their price objective on Cricut from $3.90 to $3.80 and set an “underweight” rating for the company in a research report on Thursday, March 6th.

Hedge Funds Weigh In On Cricut

A number of institutional investors have recently made changes to their positions in CRCT. R Squared Ltd acquired a new position in shares of Cricut in the fourth quarter worth $36,000. Copeland Capital Management LLC acquired a new position in Cricut in the fourth quarter valued at $63,000. Drive Wealth Management LLC acquired a new position in Cricut in the fourth quarter valued at $64,000. Olympiad Research LP acquired a new position in Cricut in the fourth quarter valued at $67,000. Finally, Caisse Des Depots ET Consignations acquired a new position in Cricut in the fourth quarter valued at $72,000. 19.60% of the stock is owned by institutional investors and hedge funds.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.